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QuizMultiple Choice

Credit and Loans

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

A way to build good credit is

Answer
A
using only secured loans.
B
taking out many lines of credit.
C
paying bills when they are due.
D
using only credit cards.

Explanation

Paying bills by their due dates helps build a positive payment history, an important part of good credit. Using only secured loans or credit cards is not necessary, and opening many lines of credit can hurt your credit profile.

AI-written and checked against the verified answer.

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